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Kaman (KAMN) Cyclically Adjusted Price-to-FCF : 21.90 (As of Apr. 27, 2024)


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What is Kaman Cyclically Adjusted Price-to-FCF?

As of today (2024-04-27), Kaman's current share price is $45.99. Kaman's Cyclically Adjusted FCF per Share for the quarter that ended in Dec. 2023 was $2.10. Kaman's Cyclically Adjusted Price-to-FCF for today is 21.90.

The historical rank and industry rank for Kaman's Cyclically Adjusted Price-to-FCF or its related term are showing as below:

KAMN' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 8.58   Med: 30.35   Max: 51.14
Current: 21.86

During the past years, Kaman's highest Cyclically Adjusted Price-to-FCF was 51.14. The lowest was 8.58. And the median was 30.35.

KAMN's Cyclically Adjusted Price-to-FCF is ranked better than
71.82% of 110 companies
in the Aerospace & Defense industry
Industry Median: 35.485 vs KAMN: 21.86

The Shiller PE Ratio was first used by professor Robert Shiller. He uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings per share of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Price-to-FCF. The Cyclically Adjusted FCF per Share is the average of the inflation adjusted free cash flow per share of a company over the past 10 years.

Kaman's adjusted free cash flow per share data for the three months ended in Dec. 2023 was $1.299. Add all the adjusted free cash flow per share for the past 10 years together and divide 10 will get our Cyclically Adjusted FCF per Share, which is $2.10 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


Kaman Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Kaman's Cyclically Adjusted Price-to-FCF can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Kaman Cyclically Adjusted Price-to-FCF Chart

Kaman Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted Price-to-FCF
Get a 7-Day Free Trial Premium Member Only Premium Member Only 33.52 29.84 20.68 11.27 11.38

Kaman Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Cyclically Adjusted Price-to-FCF Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 11.27 10.42 10.95 9.31 11.38

Competitive Comparison of Kaman's Cyclically Adjusted Price-to-FCF

For the Aerospace & Defense subindustry, Kaman's Cyclically Adjusted Price-to-FCF, along with its competitors' market caps and Cyclically Adjusted Price-to-FCF data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Kaman's Cyclically Adjusted Price-to-FCF Distribution in the Aerospace & Defense Industry

For the Aerospace & Defense industry and Industrials sector, Kaman's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

* The bar in red indicates where Kaman's Cyclically Adjusted Price-to-FCF falls into.



Kaman Cyclically Adjusted Price-to-FCF Calculation

Like the Shiller PE Ratio, the Cyclically Adjusted Price-to-FCF takes the Free Cash Flow per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/FCF calculation. Because it considers this 10-year average, it's often referred to as the CAPFCF Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Price-to-FCF.

Kaman's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=45.99/2.1
=21.90

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Kaman's Cyclically Adjusted FCF per Share for the quarter that ended in Dec. 2023 is calculated as:

For example, Kaman's adjusted Free Cash Flow per Share data for the three months ended in Dec. 2023 was:

Adj_FreeCashFlowPerShare=Free Cash Flow per Share/CPI of Dec. 2023 (Change)*Current CPI (Dec. 2023)
=1.299/129.4194*129.4194
=1.299

Current CPI (Dec. 2023) = 129.4194.

Kaman Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201403 -0.856 99.695 -1.111
201406 0.636 100.560 0.819
201409 0.987 100.428 1.272
201412 2.025 99.070 2.645
201503 0.915 99.621 1.189
201506 0.298 100.684 0.383
201509 0.968 100.392 1.248
201512 0.681 99.792 0.883
201603 -0.068 100.470 -0.088
201606 0.426 101.688 0.542
201609 1.285 101.861 1.633
201612 1.119 101.863 1.422
201703 -0.895 102.862 -1.126
201706 0.377 103.349 0.472
201709 1.394 104.136 1.732
201712 1.320 104.011 1.642
201803 1.792 105.290 2.203
201806 1.144 106.317 1.393
201809 0.986 106.507 1.198
201812 1.070 105.998 1.306
201903 0.622 107.251 0.751
201906 -0.964 108.070 -1.154
201909 -0.134 108.329 -0.160
201912 -0.600 108.420 -0.716
202003 -2.187 108.902 -2.599
202006 -1.012 108.767 -1.204
202009 0.808 109.815 0.952
202012 2.354 109.897 2.772
202103 -0.255 111.754 -0.295
202106 -0.564 114.631 -0.637
202109 0.917 115.734 1.025
202112 1.018 117.630 1.120
202203 -0.281 121.301 -0.300
202206 -1.054 125.017 -1.091
202209 -0.494 125.227 -0.511
202212 1.733 125.222 1.791
202303 -0.405 127.348 -0.412
202306 0.613 128.729 0.616
202309 0.135 129.860 0.135
202312 1.299 129.419 1.299

Add all the adjusted free cash flow per share together and divide 10 will get our Cyclically Adjusted FCF per Share.

Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.


Kaman  (NYSE:KAMN) Cyclically Adjusted Price-to-FCF Explanation

Compared with the regular Price-to-Free-Cash-Flow, which works poorly for cyclical businesses, the Cyclically Adjusted Price-to-FCF smoothed out the fluctuations of free cash flow during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Cyclically Adjusted Price-to-FCF should give similar results to regular Price-to-Free-Cash-Flow.


Kaman Cyclically Adjusted Price-to-FCF Related Terms

Thank you for viewing the detailed overview of Kaman's Cyclically Adjusted Price-to-FCF provided by GuruFocus.com. Please click on the following links to see related term pages.


Kaman (KAMN) Business Description

Industry
Traded in Other Exchanges
Address
1332 Blue Hills Avenue, Bloomfield, CT, USA, 06002
Kaman Corp is a diversified company that conducts business in the aerospace and defense, medical and industrial markets. The Engineered Products segment serves the aerospace and defense, industrial and medical markets providing sophisticated proprietary aircraft bearings and components. The Precision Products segment serves the aerospace and defense markets providing precision safe and arming solutions for missile and bomb systems for the U.S. and allied militaries. The Structures segment serves the aerospace and defense and medical end markets providing sophisticated complex metallic and composite aerostructures for commercial, military, and general aviation fixed military and general aviation fixed and rotary wing aircraft, and medical imaging solutions.
Executives
Matthew King Petterson officer: VP CAO & CONTROLLER C/O KAMAN CORPORATION, PO BOX 1, BLOOMFIELD CT 06002
Wilfredo Roy Dilig officer: VP INFORMATION TECHNOLOGY C/O KAMAN CORPORATION, PO BOX 1, BLOOMFIELD CT 06002
Smith Richard Stanley Jr officer: SVP GEN COUNSEL & SECRETARY C/O KAMAN CORPORATION, PO BOX 1, BLOOMFIELD CT 06002
Carroll Kent Lane officer: SVP and President KAV and KPP C/O KAMAN CORPORATION, PO BOX 1, BLOOMFIELD CT 06002
Callaway E Reeves Iii director C/O KAMAN CORP, PO BOX 1, BLOOMFIELD CT 06002-0001
Niharika Ramdev director C/O XL HYBRIDS, INC., 145 NEWTON STREET, BOSTON MA 02135
Darlene Ruth Smith officer: President KAV and KPP C/O KAMAN CORPORATION, PO BOX 1, BLOOMFIELD CT 06002
Rafael Zev Cohen officer: VP IT & Cybersecurity C/O KAMAN CORPORATION, BLOOMFIELD CT 06002
Megan Amanda Morgan officer: VP-HR & CHRO C/O KAMAN CORPORATION, PO BOX 1, BLOOMFIELD CT 06002
Kristen Mcdonald Samson officer: VP and CMCO C/O KAMAN CORPORATION, PO BOX 1, BLOOMFIELD CT 06002
Russell James Bartlett other: Sr. VP & Chief Operating Offcr C/O KAMAN CORPORATION, PO BOX 1, BLOOMFIELD CT 06002
Aisha Barry director 111 4TH AVE N UNIT 304, MINNEAPOLIS MN 55401
Michelle Lohmeier director C/O SPIRIT AEROSYSTEMS HOLDINGS, INC., WICHITA KS 67210
Ian K. Walsh director, officer: President & CEO 111 E. KILBOURNE AVE, MILWAULKEE WI 53202
Thomas W Rabaut director C/O CYTEC INDUSTRIES INC, 5 GARRET MOUNTAIN PLAZA, WEST PATERSON NJ 07424